Flex Warehouse with 18
13715 Clark Road Unit 11 Charlevoix, MI 49720
13715 Clark Road Unit 11, Charlevoix, MI, 49720
$329,000
For Sale
$329,000
New 40’ x 80’ pole barn flex warehouse planned with in-floor heat and two 18’ electronic overhead doors.
Property Size3,200 SF
Price / SF$102.81
Days on Market684
Property Features for 13715 Clark Road Unit 11
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Listing agency
Berkshire Hathaway HomeServices Real Estate
Listed by
Matthew Murray
(231) 439-2000
Source
Harborsir
Added: Sep 6, 2024 Updated: Jul 21 at 5:49AM Checked: Jul 21 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Real Estate
Investment Insights
Based on property information with market context.
Unit 11 is a new pole barn flex warehouse to be built at 40’ x 80’ with a 20’ tall structure. The space will be delivered with electric service, LED lighting, in-floor heat, and full metal interior walls. The building will also feature two large 18’ high electronic overhead doors, providing straightforward drive-in access for loading and unloading.
The property is part of a new association with a paved drive, an electronic gate, and a security fence. Community water is included, and the seller notes that certain building changes or upgrades may be possible by buyer request.
For convenience, the offering is described as being close to town and the city launch ramp. Seller financing is also listed as available.
The property is part of a new association with a paved drive, an electronic gate, and a security fence. Community water is included, and the seller notes that certain building changes or upgrades may be possible by buyer request.
For convenience, the offering is described as being close to town and the city launch ramp. Seller financing is also listed as available.
Key Highlights
- Unit 11 new pole barn flex warehouse planned at 40' x 80' with 20' tall clearance
- Planned in‑floor heat with electric and LED lighting
- Includes two 18' electronic overhead doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $9.96 |
| − Vacancy | −$3.2k | −$1.00 |
| EGI | $28.7k | $8.96 |
| − OpEx | −$4.3k | −$1.34 |
| NOI | $24.4k | $7.62 |
3,200 SF · lease $9.96/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$437.2K
$382.6K – $510.1K
NOI $30,607 @ 7.0% cap · market cap 9.30%
Second Best
Warehouse
$348.3K
$304.8K – $406.4K
NOI $24,382 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$647.8K
$566.8K – $755.7K
NOI $45,343 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Latitude 45 Auto ...
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New 40’ x 80’ pole barn flex warehouse planned with in-floor heat and two 18’ electronic overhead doors.
Where is this flex space located?
The property is located at 13715 Clark Road Unit 11 Charlevoix, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Unit 11 new pole barn flex warehouse planned at 40' x 80' with 20' tall clearance; Planned in‑floor heat with electric and LED lighting; Includes two 18' electronic overhead doors
